An open-perils policy means that the policy covers all sources of loss to the insured's property.
Correct Answer:
Verified
Q2: The only person covered under an insurance
Q3: Insurance contracts exclude certain perils only because
Q4: Most policies of property-liability insurance cover property
Q5: In insurance, a franchise refers to the
Q6: Apportionment clauses preserve the principle of indemnity.
Q7: An insured is required to notify of
Q8: The sue-and-labor clause has to do with
Q9: All insurance contracts may be canceled at
Q10: The cancellation clause gives the insurer the
Q11: Assignment of rights under insurance contracts is
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